Kintetsu World Express stretches its balance sheet to grow abroad

KWE has reported a 8.3% decrease in net sales Y-o-Y for first nine months of 2019, mostly due to slowdown in global economy.

Japan’s Kintetsu World Express is adopting a more aggressive corporate strategy to fend off the threat posed by a sluggish domestic economy, and betting on acquisitions in order to diversify its assets portfolio.

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